From stress to savings — refinance today.

Compare 10+ Top Lenders, Get Up To 1% Cashback, And Potentially Save Thousands

Refinance Your Mortgage. Save Big. Stress Less.

Switch to a better home loan with expert, independent advice.

  • 🟢 Save potentially thousands in interest

  • 🟢 Calculate your savings - find out in 60 seconds

  • 🟢 Expert guidance

  • 🟢 Refinance or restructure - we do it all

Text

Cashback & Repayment Calculator

Actual savings and cashback depend on lender criteria, approval, and terms. This tool is for illustrative purposes only and does not constitute financial advice.

  • 🟢 Trusted by 1,000s of Kiwis since 2008

  • 🟢 100% independent, lender-agnostic advice

  • 🟢 No fees, no pressure – just honest savings

"Yellow Rooster helped me save over $12,000 on my mortgage. The process was so easy, I wish I’d done it earlier!"

– Sarah M., Auckland

Buying your first home or next property?

Rooster Refinance FAQs

1. What is mortgage refinancing, and is it right for me?+

Refinancing means replacing your existing home loan with a new one—either with your current bank or a new lender—usually to secure better terms, lower interest rates, or access your home equity.

It’s a smart move if you want better lending terms (rates and cashback) from a competing lender, reduced repayments, debt consolidation, or a top-up (e.g. cash for renovations).

2. Will refinancing hurt my credit score?+

Applying triggers a “hard” credit check, which may lower your score slightly—especially if you apply multiple times. Closing your old home loan may also impact credit history. Generally, the effect fades within a year or two.

However, if your credit score is good (700+), lenders in NZ may offer significantly better lending terms.

3. How long does the refinancing process typically take?+

From application to rate lock-in usually takes more or less 10 business days—but this can vary based on lender queues, valuation timelines, and back and forth.

4. What costs are involved in refinancing?+

Expect legal fees, plus possible valuation, and break fees if you're exiting a fixed rate early. These can add up to 2%–6% of your loan amount. Always compare projected savings against these upfront costs before committing.

5. When should I consider refinancing my mortgage?+

Consider refinancing when:

  • Interest rates have dropped since you last locked in your loan
  • Your credit score has improved
  • Your property has gained equity
  • Your personal circumstances have changed (e.g. income changes, upcoming major expense)

6. Can I consolidate other debt when refinancing?+

Yes—many Kiwi homeowners use refinancing to roll high-interest credit card or personal loan debt into their mortgage, which usually has a much lower interest rate.

But keep in mind: extending the loan term can increase lifetime interest costs.

7. How often can I refinance my mortgage?+

While there’s no strict rule, lenders may apply restrictions—especially if you’ve recently broken a fixed term.

8. Can I still refinance if I have a low credit score?+

Possibly.

9. Is refinancing always worth it?+

Not always. Consider refinancing only if:

  • Your projected interest savings exceed the costs
  • You won’t extend your loan term significantly
  • You're not paying break fees that negate the benefit

10. What’s Rooster’s edge?+

We streamline refinancing—connecting you with trusted NZ lenders, offering free calculators to compare rates, and giving real-time savings estimates or cashback opportunities (often up to 1% of loan value).

Plus, we help you navigate early repayment fees, loan structuring, and negotiate the best deal for your situation.

© 2021-2025 Yellow Rooster Mortgages (New Zealand)